Armenia vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Armenia Iceland
🚶 Cost of living one person
$1067
$2518
👨‍👩‍👧‍👦 Cost of living Family
$2416
$5339
🏠 One person rent
$607
$1478
🏘️ Family rent
$1003
$2369
🍽️ Food expenses
$320
$761
🚐 Transport expenses
$34.2
$83.9
💳 Monthly salary after tax
$551
$3501
💸 GDP per capita
$7018
$73467
😃 Human freedom index
7.99
8.73
❤️ Life expectancy
72
83.1
👮 Corruption perceptions index
47
72
🌐 English speaking %
8%
98%
🎓 Higher education
51
81
😀 Quality of life
52
92
🏙️ Population
2.93M
364K

The average cost of living in Armenia ($1067) is 58% less expensive than in Iceland ($2518). Armenia ranked 73rd vs 5th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Armenia compared to 1.4 months in Iceland. Ranked 80th and 10th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Armenia vs Iceland infographic

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Prices in Armenia vs Iceland

We calculate prices for Armenia and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Armenia Iceland
Eating Out
🍱 Lunch Menu
$8.86
$20.7
🥂 Dinner in a Restaurant, for 2
$45.4
$114
🥪 Fast food meal, equiv. McDonald's
$7.15
$16.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.86
$10.2
 Cappuccino
$2.85
$4.88
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.94
$2.72
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$715
$1510
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$480
$1318
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1261
$2409
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$802
$2171
🔌 Utility Bill one person, electricity, heating, water, etc.
$62.4
$53.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$96.2
$82.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$20.3
$68.4
🏦 Mortgage Interest Rate for 20 Years
13.67%
6.82%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2591
$5442
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1251
$4321
Transportation
🚌 Local transport ticket
$0.26
$4.09
🎟️ Monthly ticket local transport
$12.4
$66.7
🚕 Taxi Ride, 8 km or 5 mi
$4.14
$26.1
 Gas / Petrol, 1 L or 0.26 gal
$1.14
$2.25
Groceries
🥛 Milk, 1 L or 1 qt
$1.4
$1.62
🍞 Bread, 0.5 kg or 1.1 lb
$0.68
$3.64
🍚 Rice, 1 kg or 2.2 lb
$2.19
$3.19
🥚 Eggs, x12
$2.09
$5.89
🧀 Cheese, 1 kg or 2.2 lb
$7.95
$14.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.15
$18.5
🥩 Round Steak, 1 kg or 2.2 lb
$11
$29.5
🍏 Apples, 1 kg or 2.2 lb
$1.1
$2.99
🍌 Banana, 1 kg or 2.2 lb
$1.69
$2.16
🍊 Oranges, 1 kg or 2.2 lb
$1.63
$2.74
🍅 Tomato, 1 kg or 2.2 lb
$1.82
$4.51
🥔 Potato, 1 kg or 2.2 lb
$0.66
$2.86
🧅 Onion, 1 kg or 2.2 lb
$0.65
$1.83
🌊 Water, 1 L or 1 qt
$0.44
$1.33
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.91
$2.53
🍾 Wine (mid-priced), 750 mL bottle
$9.37
$19.4
🍺 Beer, 0.5 L or 16 fl oz
$1.26
$3.03
🚬 Cigarette pack
$2.44
$11.7
💊 Cold medicince, 1 week
$5.42
$11.6
🧴 Hair Shampoo
$3.27
$5.23
🧻 Toilet paper, 4 rolls
$2.31
$4.66
👄 Toothpaste, 1 tube
$2.83
$3.24
Other
🏋️ Gym Membership, 1 month
$58.5
$62
🎫 Cinema Ticket, 1 person
$6.72
$14.4
👩‍⚕️ Doctor's visit
$24.5
$82.9
💇 Haircut, simple
$7.44
$37.3
👖 Brand Jeans
$77.4
$106
👟 Brand Sneakers
$123
$144
👶 Daycare or Preschool, 1 month
$262
$245
🏫 International Primary School, 1 year
$7352
$6038

Cost of living in other countries

Cost of living

Cities Comparison in Armenia vs Iceland

More countries to compare

Cost of Living in Popular cities

In Armenia

City Cost of living Population
Yerevan
$1187
1.08M
Abovyan
$968
44.4K
Armavir
$861
38.6K
Gyumri
$597
122K
Kapan
$878
43.2K
Vanadzor
$690
90.5K
Ashtarak
$691
21.6K
Masis
$990
21.4K
Goris
$884
20.6K
Spitak
$778
15K

In Iceland

City Cost of living Population
Reykjavik
$2723
140K
Kopavogur
$2304
39.8K
Hafnarfjorur
$2460
30.6K
Akureyri
$2011
19.9K
Keflavik
$2023
16.5K